Baron Silver Stevens Financial Advisors LLC Has $448,000 Position in SPDR Gold Shares (NYSEARCA:GLD)

Baron Silver Stevens Financial Advisors LLC raised its holdings in shares of SPDR Gold Shares (NYSEARCA:GLD) by 28.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,850 shares of the exchange traded fund’s stock after buying an additional 415 shares during the period. Baron Silver Stevens Financial Advisors LLC’s holdings in SPDR Gold Shares were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in GLD. Semmax Financial Advisors Inc. raised its position in shares of SPDR Gold Shares by 78.7% in the second quarter. Semmax Financial Advisors Inc. now owns 109 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 48 shares during the period. Ashton Thomas Securities LLC acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $28,000. Capital Performance Advisors LLP acquired a new position in SPDR Gold Shares in the 3rd quarter valued at about $35,000. Pittenger & Anderson Inc. bought a new position in SPDR Gold Shares in the 3rd quarter valued at about $38,000. Finally, Sugarloaf Wealth Management LLC lifted its position in SPDR Gold Shares by 78.9% during the third quarter. Sugarloaf Wealth Management LLC now owns 161 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 42.19% of the company’s stock.

SPDR Gold Shares Stock Performance

Shares of NYSEARCA:GLD opened at $254.43 on Thursday. SPDR Gold Shares has a 12-month low of $183.78 and a 12-month high of $257.71. The business has a 50 day moving average of $244.59 and a 200-day moving average of $239.07.

About SPDR Gold Shares

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).